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Nov 6, 2012
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the street.com's joe deaux joins us. one thing you may not be hearing late on election night is the m- word. mandate. it's tradition that the winners of an election claim to have the american people on their side. but if this election is as close as the polls predict, there will be no mandate for either side. darren gersh reports. >> reporter: unless all those polls are wrong and tomorrow brings a big surprise one way or another, this election will be the remembered as one of the closest in history. it could also end with both parties convinced the folks back home don't want them to compromise on key issues like taxes and fairness and the size of government. >> there is going to be enough room for both sides to claim that they have the mantle from the american public or that nobody does and i think that hurts the issues on the fiscal cliff. >> reporter: if the president prevails tomorrow, he will be one of the only incumbents to win re-election with fewer votes than he got in his first campaign for the white house. if ro
the street.com's joe deaux joins us. one thing you may not be hearing late on election night is the m- word. mandate. it's tradition that the winners of an election claim to have the american people on their side. but if this election is as close as the polls predict, there will be no mandate for either side. darren gersh reports. >> reporter: unless all those polls are wrong and tomorrow brings a big surprise one way or another, this election will be the remembered as one of the closest...
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Nov 1, 2012
11/12
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we want to thank wnet here in new york for helping us. our new york bureau in lower manhattan has no power, and channel 13 has given us office space with computers, phones, and tvs so we can do our job covering the news. we also want to thank other colleagues who have come to the rescue, including the nasdaq, the new york stock exchange, thestreet.com, dow jones, and bloomberg. we appreciate everything you have been doing for us during these difficult days. thank you. have a great evening, everyone, and you too, tom. >> tom: good night, susie. we'll see you online at nbrcom, and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follow us on our facebook page at bizrpt. and on twitter @bizrpt.
we want to thank wnet here in new york for helping us. our new york bureau in lower manhattan has no power, and channel 13 has given us office space with computers, phones, and tvs so we can do our job covering the news. we also want to thank other colleagues who have come to the rescue, including the nasdaq, the new york stock exchange, thestreet.com, dow jones, and bloomberg. we appreciate everything you have been doing for us during these difficult days. thank you. have a great evening,...
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Nov 2, 2012
11/12
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he joins us from that firm in boston. duncan, i take it you're a pessimist in regards to avoiding the fiscal cliff that we're going to go over? >> not really a pessimist. i think the fiscal cliff is going to be more of a fiscal slope, but there will be a tax element to it. i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthooks can outperform in a rising interest rate environment-- which is another thing we're worried about-- longer term makes some sense. >> tom: so rising interest rate environment, possibly higher inflation, higher taxes. not exactly the most shiny of forecasts for investors. >> well, there i
he joins us from that firm in boston. duncan, i take it you're a pessimist in regards to avoiding the fiscal cliff that we're going to go over? >> not really a pessimist. i think the fiscal cliff is going to be more of a fiscal slope, but there will be a tax element to it. i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013...
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Nov 1, 2012
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>> it is slowing us down. our team members are affected by the same transportation limit anticipations as everyone else in the region, and our fedex delivery stations are located in the neighborhood in which they deliver, so they have a good sense of what's available to deliver to. fedex also offers a service whereby you can actually ask for your package to be held at a fedex location for you to pick it up. so if you know you won't be home or your neighborhood is inaccessible. you can ask them to hold it. we're making the packages available for customers. >> susie: what impact does it have on volume, especially this time of year with people holiday shopping? >> obviously, when the area was closed down, it had an impact on the overall volume. our goal is to make sure it doesn't impact the rest, and we've isolated the problem there, but it has had an impact on our package volume in that region. i'm happy to say we restored service today, and we're picking up packages and have more than our scheduled activity reg
>> it is slowing us down. our team members are affected by the same transportation limit anticipations as everyone else in the region, and our fedex delivery stations are located in the neighborhood in which they deliver, so they have a good sense of what's available to deliver to. fedex also offers a service whereby you can actually ask for your package to be held at a fedex location for you to pick it up. so if you know you won't be home or your neighborhood is inaccessible. you can ask...
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Nov 24, 2012
11/12
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and they know when they buy patterns from us, they're helping support us. >> reporter: supporting small businesses is also good for the overall economy. over 99% of businesses in the u.s. are small businesses and they employ about half the nation's workforce. >> small businesses are critical to the economy. if you go back the last 20 years, they've created most of the new jobs in the u.s. economy. and we know that we are struggling with job creation. so shopping small is actually one way to build the confidence in growth of small businesses. which will only help produce more jobs in the future. >> reporter: for leisl and company, small business saturday provides a sales lift during an otherwise slow period. >> we're in kind of a unique industry. for most retailers, it's all about november and december. for us, november and december are actually our slowest months of the year. people don't want to take on new large craft projects just before the holiday. >> reporter: for other firms, the arrival of small business saturday is especially important this year, coming a month after superstorm
and they know when they buy patterns from us, they're helping support us. >> reporter: supporting small businesses is also good for the overall economy. over 99% of businesses in the u.s. are small businesses and they employ about half the nation's workforce. >> small businesses are critical to the economy. if you go back the last 20 years, they've created most of the new jobs in the u.s. economy. and we know that we are struggling with job creation. so shopping small is actually...
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Nov 9, 2012
11/12
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he joins us from the nasdaq. so nick, we began the show with another dire warning about the fiscal cliff and the threat of recession. now we just heard that substantial progress has been made with the european debt situation. are europe's troubles deeper than the u.s. here as we sit in the latter half of 2012? >> well, i would say that europe's problems are deep never many ways. unemployment in places like greece is reaching north of 25%, north of 58% for young people, so there are pockets of europe that are clearly much worse than the general t u.s. economy. but i would say that the u.s. is quickly catching up. the issues of the fiscal cliff are serious and fairly immediate. >> tom: are they making substantial progress in your estimation toward avoiding that cliff like we just heard from the european central bank, the president in his explanation of what they think they have done if the last year? >> i think europe has certainly made some real progress. particularly in the last few months in putting a firewall i
he joins us from the nasdaq. so nick, we began the show with another dire warning about the fiscal cliff and the threat of recession. now we just heard that substantial progress has been made with the european debt situation. are europe's troubles deeper than the u.s. here as we sit in the latter half of 2012? >> well, i would say that europe's problems are deep never many ways. unemployment in places like greece is reaching north of 25%, north of 58% for young people, so there are...
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Nov 10, 2012
11/12
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isn't that why most of us get paid? a friend of mine asked recently, why is it that so many people just seems to want to argue rather than find an actual solution? good question! i think there might be at least three reasons. inertia: awful lot of people, even though they may argue this, like things just the way they are, even if things are broken. uncertainty: maybe they've been burned a few times or maybe they just hate not knowing the absolute right answer. maybe they have had bosses in the past who have not been very forgiving when mistakes were made. laziness: i feel bad even including this one, but i am quite sure that some people quit the job long before they quit the organization. mid-level managers i talk with today say that problem-solving skills need to be taught early and often. i wouldn't presume that new hires bring that skill with them. i'm lou heckler. >> tom: that's "nightly business report" for friday, november 9. good night, everyone. we'll see you online at nbr.com and back here monday night. caption
isn't that why most of us get paid? a friend of mine asked recently, why is it that so many people just seems to want to argue rather than find an actual solution? good question! i think there might be at least three reasons. inertia: awful lot of people, even though they may argue this, like things just the way they are, even if things are broken. uncertainty: maybe they've been burned a few times or maybe they just hate not knowing the absolute right answer. maybe they have had bosses in the...
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Nov 8, 2012
11/12
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we have this so-called fiscal cliff emergency that is before us. if that fails to be resolved, you'll see a level of contraction in all hands on deck activities. it will be very disturbing. >> suzanne: if there is no deal on this fiscal cliff, what does that mean for your business? >> i think it will be very, very damaging to a consumer discretionary business, and others similar to it. because you'll see an immediate reduction in economic activity, of the sort we have not run into since the arab oil embargo, where all of a sudden, on a precise moment, economic activity will slow very substantially. you can see a period where it begins to slow even in anticipation of that. i think for a business like ours, that people don't have to do, they're doing it out of discretionary monies, it will be very damaging. >> suzanne: congress is saying if there is no fiscal cliff, it could push the economy into a recession. how are you preparing for that? would that mean layoffs at caesar's? >> it will mean reduction in hours for our employees. we reduced in 2008,
we have this so-called fiscal cliff emergency that is before us. if that fails to be resolved, you'll see a level of contraction in all hands on deck activities. it will be very disturbing. >> suzanne: if there is no deal on this fiscal cliff, what does that mean for your business? >> i think it will be very, very damaging to a consumer discretionary business, and others similar to it. because you'll see an immediate reduction in economic activity, of the sort we have not run into...
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Nov 20, 2012
11/12
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debra borchardt with us. now debra, the law will require companies of a certain size to pay if they don't offer their own employees health insurance. how real are the threats of job cuts, though, that we're hearing? >>. >> well, we're hearing lots of companies company out and say that they are laying off workers, that they will be cutting back workers' hours so they won't have to pay them health insurance because of the mandate. but it's interesting that it is coincidentally, of course, right after the election. and then when you start to look at some of the c.e.o.s of these companies also coincidentally they were romney supporters. so you had to start to drill a little bit deeper to find out what was behind all these changes. >> tom: we've got two here where we will set aside politics and look at business fundamentals. beginning with papa johns. pzza, its owner sbeen a veryocal oonent of health insurance reform. the stock has sold off along with the broad market although it rallied some today saying that it
debra borchardt with us. now debra, the law will require companies of a certain size to pay if they don't offer their own employees health insurance. how real are the threats of job cuts, though, that we're hearing? >>. >> well, we're hearing lots of companies company out and say that they are laying off workers, that they will be cutting back workers' hours so they won't have to pay them health insurance because of the mandate. but it's interesting that it is coincidentally, of...
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Nov 28, 2012
11/12
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but in a lot of charities, using volunteer time is difficult. so you really have to look at the charity, look at what their doing, and see if your time is valuable. if you're going to volunteer, don't just do it once. do it multiple times, becausey the time you train a volunteer and they disappear, it is expensive. >> tom: eileen, given the debate in washington over the fiscal cliff, are your clients seeing any impacts on donations due to expected higher income taxes next year? >> we're seeing accelerated donations. i think people are unsure about what the taxes are going to be on charitable gifts next year. as a result of that, they would rather do something, they can gift when they know what the deductions going to be, rather than having it be a mystery. we're seeing accelerated giving, which is great, but hopefully there be a lot of charity next year as well. >> tom: eileen heisman along with us, she's with the national philanthropic trust. >> thanks. >> susie: tomorrow on nbr, honeywell c.e.o. david cote will be on capitol hill talking with
but in a lot of charities, using volunteer time is difficult. so you really have to look at the charity, look at what their doing, and see if your time is valuable. if you're going to volunteer, don't just do it once. do it multiple times, becausey the time you train a volunteer and they disappear, it is expensive. >> tom: eileen, given the debate in washington over the fiscal cliff, are your clients seeing any impacts on donations due to expected higher income taxes next year? >>...
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Nov 13, 2012
11/12
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tell us your thinking? >> well, small oil companies get bought out by big oil companies in places leak the marceleste shale are you seeing land prices rise in these places so if you are a small oil company or natural gatt company, buy land, buy some rigs, maybe get bought out by a big player. >> susie: we have less than a minute. let's go over the losers list. you mentioned there could be downside to fracking. you also talk about alternative energy companies could suffer. and defense contractors, you can give us a quick answer on that? >> well, it's difficult. when oil prices go up it's good for nuclear and solar and clean energy players. but when they go down which would happen if you get a lot more production in the u.s. it's bad for those players because people tend to go back to oil and using oil. as for the defense contractors, we're to the going to have to spend some of defending the middle east because we will not need those resources so much because we have it at home. >> you gave use lot of interes
tell us your thinking? >> well, small oil companies get bought out by big oil companies in places leak the marceleste shale are you seeing land prices rise in these places so if you are a small oil company or natural gatt company, buy land, buy some rigs, maybe get bought out by a big player. >> susie: we have less than a minute. let's go over the losers list. you mentioned there could be downside to fracking. you also talk about alternative energy companies could suffer. and...
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Nov 27, 2012
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james rogers joins us with three tech stocks to watch for 2013. while shoppers were focused on holiday shopping deals, in europe, finding a deal to release emergency aid for greece remains elusive. euro-zone finance ministers and the international monetary fund tried for a third time today to reach a deal with greece. the hitch is further austerity measures, and another potential hair-cut for investors who lent money to greece. on wall street it was a mixed session. the dow fell 42 points, but the nasdaq rose almost ten points, while the s&p fell three. >> susie: a changing of the >> susie: a changing of the guard is coming to the securities and exchange commission. chairman mary schapiro announced today she will step down on december 14. the white house quickly named s.e.c. commissioner elisse walter as her replacement. sylvia hall reports. >> reporter: chairman mary schapiro took over the s.e.c. in january 2009, at the height of the financial crisis. since then, she's overhauled the agency and beefed up its enforcement arm. she's also overseen a
james rogers joins us with three tech stocks to watch for 2013. while shoppers were focused on holiday shopping deals, in europe, finding a deal to release emergency aid for greece remains elusive. euro-zone finance ministers and the international monetary fund tried for a third time today to reach a deal with greece. the hitch is further austerity measures, and another potential hair-cut for investors who lent money to greece. on wall street it was a mixed session. the dow fell 42 points, but...
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Nov 14, 2012
11/12
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with us now is jeff applegate. jeff, why do you think that congress is going to be able to come through with a deal on this fiscal cliff? >> the political calculus, susie, is very simple. at the end of the day, the physicafis -- fiscal cliff threatens to dip the economy back into a depression. so we think that's what will drive a deal. >> susie: the fiscal cliff is in headlines every single day. it probably will continue like this for the next six weeks. how is all of that anxiety going to play out in the markets? >> you've already seen it play out since the election. global equities, actually, were down more than 2%. we didn't have a great day again today. so getting a positive resolution on the fiscal cliff is going to be important for the markets, but it is going to be volatile, and it will not be sorted out soon. so i think you should count on near-term possibly increased volatility in equity markets. >> susie: but you still think that the markets will be up for the year for 2012? >> we do. and that's the view
with us now is jeff applegate. jeff, why do you think that congress is going to be able to come through with a deal on this fiscal cliff? >> the political calculus, susie, is very simple. at the end of the day, the physicafis -- fiscal cliff threatens to dip the economy back into a depression. so we think that's what will drive a deal. >> susie: the fiscal cliff is in headlines every single day. it probably will continue like this for the next six weeks. how is all of that anxiety...
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Nov 30, 2012
11/12
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nearly half of the silver that is mined globally is used by industries. >> it's being used increasingly in biomedical, in high tech, environmental for water purification, in hospitals as an antiseptic. so it's not just the old traditional smokestack industries and electronics that are using silver. it does really have very, very wide versatility. >> reporter: but what about the outlook for precious metals next year? a lot depends on what happens to the global economy and whether the u.s. falls off the fiscal cliff. if the cliff is averted... >> then i think you will see silver, platinum, palladium-- the so-called white metals-- outperform gold, because they will tend to outperform in a risk-on environment in a cyclical upturn. >> reporter: now, the other scenario: >> in an environment where we go off the fiscal cliff and we see continued problems on the debt side for the u.s., i think the gold price outperforms the white metals. >> reporter: gold's price will also depend on whether central banks continue to diversify their holdings into gold, and whether they implement more quantitative
nearly half of the silver that is mined globally is used by industries. >> it's being used increasingly in biomedical, in high tech, environmental for water purification, in hospitals as an antiseptic. so it's not just the old traditional smokestack industries and electronics that are using silver. it does really have very, very wide versatility. >> reporter: but what about the outlook for precious metals next year? a lot depends on what happens to the global economy and whether the...